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1. To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?

1. To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Investigate, analyze and solves problems involving simple and compound interests and simple and general annuities using appropriate business and financial instruments. ce Tas K Finds the future value and present value of both simple and general annuities. MELC: The learner will be able to: Solves problems involving simple and compound interest. Solves problems involving business and consumer loans (amortization, nmongager Direction: Solve problems involving simple and compound interest, business and consumer loans ana find the future value and present value of both simple and general annuities. Write your anSwer on ene space provided after each question. 1, To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?
Transcribed Image Text:Investigate, analyze and solves problems involving simple and compound interests and simple and general annuities using appropriate business and financial instruments. ce Tas K Finds the future value and present value of both simple and general annuities. MELC: The learner will be able to: Solves problems involving simple and compound interest. Solves problems involving business and consumer loans (amortization, nmongager Direction: Solve problems involving simple and compound interest, business and consumer loans ana find the future value and present value of both simple and general annuities. Write your anSwer on ene space provided after each question. 1, To buy the school supplies for the coming school year, you get a summer job at a resort. Suppose you save P4 200.00 of your salary and deposit it into an account that earns simple interest. After 9 months, the balance is P4 263.00. What is the annual interest rate?
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